Filing Alert: Olde Town Apartments Owner Chapter 11

Olde Town Apartments Owner LLC, a single-asset real estate company whose principal asset is the Olde Town Apartments complex in Springfield, IL, filed for Chapter 11 protection on Dec. 9 in the U.S. Bankruptcy Court for the Central District of Illinois.

The company reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-70986.

Top Unsecured Claims

Key Parties

Counsel:

• Ariel Weissberg
  Weissberg and Associates, Ltd.
  Email: ariel@weissberglaw.com

Signatories:

• Yaacov Amar – Manager

Equity Security Holders:

• Olde Town Apartments Owner 18, LLC – 50% Membership Interest
• Olde Town Apartments Owner 26, LLC – 50% Membership Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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